Business insurance is essential for protecting your company and its assets from various risks such as property damage, injuries, lawsuits, and other claims. Choosing the right insurance provider is crucial to ensure comprehensive coverage and excellent customer service. At NerdWallet, we have evaluated the top business insurance providers based on factors like financial strength, complaint records, digital features, and customer service availability. Here are our picks for the best small business insurance companies:
Chubb is known for offering a business owner’s policy (BOP) with coverage options that go beyond what other providers typically include in their BOPs. Their user-friendly online experience makes it easy for small businesses to choose coverage and purchase a policy.
Next Insurance stands out for offering comprehensive online business insurance policies that can be customized to fit your specific needs. They provide highly specific industry-tailored packages and the convenience of purchasing multiple policies in one transaction.
Progressive specializes in commercial auto insurance, providing coverage for a wide range of business vehicles. They offer an extensive network of repair shops and 24/7 service through phone or online.
Thimble is an excellent option for businesses that require short-term coverage. Their policies can be tailored to specific jobs and purchased online, making it ideal for very small businesses with fluctuating needs.
The Hartford offers the option to get a quote online and then work with an agent to customize a business owner’s policy. They provide a wide variety of coverage types, making them suitable for small to medium-sized businesses.
Stay protected with the top business insurance providers. Let’s dive in to learn more about each company and find the coverage that suits your needs.
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Key Takeaways: Business Insurance Providers
- Business insurance is crucial for protecting your company and its assets from various risks.
- Chubb offers a business owner’s policy (BOP) with coverage options not commonly included by other providers.
- Next Insurance provides comprehensive online business insurance policies that can be customized to fit your specific needs.
- Progressive specializes in commercial auto insurance and offers a network of repair shops and 24/7 service.
- Thimble is ideal for businesses that require short-term coverage and flexibility.
- The Hartford allows you to get a quote online and work with an agent to customize a business owner’s policy.
Chubb: Best Online Business Owner’s Policy
Chubb offers a comprehensive business owner’s policy (BOP) with coverage options that go beyond what other providers typically include. Their online platform caters specifically to small businesses, providing a user-friendly experience that allows you to easily select and purchase a policy online. With helpful features like a bot that guides you through the coverage selection process, Chubb streamlines the insurance-buying process for busy business owners.
Chubb’s BOP is particularly well-suited for companies with less than $2 million in annual revenue that are looking to purchase insurance online. Their policy not only covers property damage and liability claims, but it also includes additional benefits that can be crucial for small businesses, such as business income protection and data breach coverage.
In addition to their BOP, Chubb offers other coverage types that can be purchased through an independent agent. This includes general liability insurance, which provides protection against third-party bodily injury or property damage claims. They also offer workers’ compensation insurance to safeguard your employees in the event of work-related injuries or illnesses.
When it comes to online business insurance, Chubb stands out for its comprehensive coverage options, user-friendly platform, and commitment to meeting the needs of small businesses.
Next Insurance: Best Comprehensive Online Business Insurance
When it comes to comprehensive business insurance, Next Insurance stands out as a top choice. They offer a wide range of policies that can be customized to meet your specific needs, ensuring that your business is adequately protected. From general liability insurance to professional liability and commercial auto coverage, Next Insurance has got you covered.
What sets Next Insurance apart is their commitment to tailored packages for different industries. Whether you run a construction business, a beauty salon, or an event planning company, Next Insurance has industry-specific policies that address the unique risks you face. This level of specialization ensures that you get the right coverage for your business.
Moreover, Next Insurance makes the process of buying multiple policies seamless and convenient. Instead of going through separate transactions for each policy, you can bundle them all in one transaction, saving you time and effort. This streamlined approach allows you to protect your business comprehensively without any hassle.
Another advantage of Next Insurance is their commitment to providing online insurance quotes. This means you can easily get an accurate estimate of your coverage costs without the need for lengthy phone calls or meetings. By offering transparent pricing and the ability to compare quotes, Next Insurance empowers business owners to make informed decisions.
In addition, Next Insurance understands the importance of having a digital certificate of insurance. This certificate serves as proof of coverage and can be easily accessed and shared online. Whether you need to provide proof of insurance to a client or comply with regulatory requirements, Next Insurance makes it simple and convenient.
When it comes to comprehensive coverage, convenience, and industry-specific policies, Next Insurance is a clear choice for businesses of all sizes. Their commitment to digital innovation and tailored solutions makes them a reliable partner in protecting your business.
Progressive: Best Commercial Auto Insurance
When it comes to protecting your business vehicles, you need a reliable insurance provider that understands your unique needs. That’s where Progressive comes in. As the largest commercial auto insurance provider, Progressive offers comprehensive coverage for a variety of business vehicles, ensuring that you have the protection you need on the road.
With Progressive’s commercial auto insurance, you’ll benefit from:
- Access to a network of trusted repair shops: Rest easy knowing that your vehicle will be repaired by professionals who specialize in commercial vehicles, ensuring high-quality repairs and minimizing downtime.
- 24/7 service: Progressive is committed to providing exceptional customer service whenever you need it. Whether you have a question or need to file a claim, you can count on their team to be available around the clock.
“Progressive is dedicated to providing reliable and comprehensive commercial auto insurance coverage for businesses of all sizes. With our extensive network of repair shops and 24/7 customer service, we make it easy for you to protect your vehicles and keep your business running smoothly.” – [Name], [Title] at Progressive
In addition to commercial auto insurance, Progressive also offers other coverage types to meet your business’s specific needs:
- General liability insurance: Protect your business from third-party claims of property damage, bodily injury, and advertising injuries.
- Workers’ compensation insurance: Safeguard your employees in the event of work-related injuries or illnesses.
Trust Progressive to provide reliable and comprehensive insurance coverage for your commercial vehicles. Ensure the safety and security of your business on the road. Get a quote today and experience the Progressive difference.
Commercial Auto Insurance Coverage Comparison
| Insurance Provider | Commercial Auto Coverage | Additional Coverage Options | 24/7 Customer Service |
|---|---|---|---|
| Progressive | ✅ | ✅ | ✅ |
| Competitor A | ❌ | ✅ | ✅ |
| Competitor B | ✅ | ❌ | ✅ |
| Competitor C | ✅ | ✅ | ❌ |
Thimble: Best for Short-Term Coverage
When it comes to short-term coverage for very small businesses, Thimble is the top choice. Thimble recognizes that not all businesses need long-term insurance solutions and offers policies that cater specifically to short durations. Whether you need coverage for a single hour or up to one year, Thimble has you covered.
Thimble’s policies are designed to be flexible and customizable, allowing you to tailor your coverage to fit the specific needs of each job. This ensures that you’re not paying for unnecessary coverage and only paying for the coverage you actually need.
One of the key advantages of Thimble is their seamless online purchasing process. With just a few clicks, you can easily buy a policy that suits your business requirements. Thimble also provides quick and easy access to certificates of insurance online, allowing you to demonstrate proof of coverage whenever it’s needed.
Additionally, Thimble offers the option to include additional insureds on your policy. This means that you can extend your coverage to protect other parties involved in your business operations, providing peace of mind to both you and your clients.
Although Thimble specializes in general liability insurance, they also offer coverage for specific events and professions. This allows businesses from various industries to find the right protection for their short-term needs.
When it comes to short-term coverage, Thimble stands out as the best choice for small businesses. Their flexible policies, easy online purchasing, and customizable coverage options make them a reliable and convenient solution.
The Hartford: Best for Getting a Quote Online, Then Working with an Agent
The Hartford is a top choice for small to medium-sized businesses seeking business insurance coverage. What sets The Hartford apart is its seamless combination of online and agent-based services. They offer the convenience of getting an online quote and customizing a business owner’s policy (BOP) with additional coverages.
With The Hartford, you can easily access a wide variety of coverage types, including data breach, professional liability, workers’ comp, and commercial auto insurance. Whether you’re looking for protection against cyber threats or safeguarding your employees, The Hartford has coverage to meet your needs.
Small to medium-sized businesses that prefer working with an insurance agent will find The Hartford’s services particularly beneficial. While you can start with an online quote, The Hartford’s agents are there to guide you through the process, answer any questions you may have, and provide personalized recommendations based on your business’s unique insurance requirements.
With The Hartford, managing your policies is a breeze. You can easily file claims online or over the phone and track their progress online. This streamlined process ensures that you have peace of mind knowing your claims are being handled efficiently and effectively.
FAQ
What is business insurance?
Business insurance helps protect your company and its assets from property damage, injuries, lawsuits, and other claims.
How were the top business insurance providers evaluated?
The top business insurance providers were evaluated based on factors such as financial strength, complaint records, digital features, and customer service availability.
Which companies are considered the best small business insurance companies?
Our picks for the best small business insurance companies are Chubb, Next Insurance, Progressive, Thimble, The Hartford, and Travelers.
What coverage options does Chubb offer?
Chubb offers a business owner’s policy (BOP) with coverage options not always included in BOPs from other providers. They also offer general liability insurance and workers’ comp.
Is Chubb business insurance available for purchase online?
Yes, Chubb is ideal for companies with less than million in annual revenue looking to buy a BOP online. Other coverage types can be purchased through an independent agent.
Does Next Insurance offer customizable business insurance policies?
Yes, Next Insurance offers a wide range of business insurance policies that can be customized to your specific needs. They provide highly specific industry-tailored packages.
Can I purchase multiple policies at once with Next Insurance?
Yes, Next Insurance offers the option to buy multiple policies in one transaction, making it convenient for companies that need multiple types of coverage.
Does Progressive specialize in any specific type of business insurance?
Yes, Progressive specializes in commercial auto insurance and provides coverage for a variety of business vehicles.
Can I access repair shops and customer service 24/7 with Progressive?
Yes, Progressive offers access to a network of repair shops and 24/7 service through phone or online.
What does Thimble specialize in?
Thimble is a great option for very small businesses that need coverage for short durations. They primarily offer general liability insurance.
Can I purchase Thimble business insurance online?
Yes, Thimble policies can be purchased online and tailored to specific jobs, ranging from one hour to one year.
What coverage types does The Hartford offer?
The Hartford offers a wide variety of coverage types, including data breach, professional liability, workers’ comp, and commercial auto.
Can I add additional coverages to a business owner’s policy with The Hartford?
Yes, The Hartford allows policyholders to get a quote online and add additional coverages to a business owner’s policy (BOP).